Propel (TSE:PRL) Upgraded at Stifel Canada

Stifel Canada upgraded shares of Propel (TSE:PRL) to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

PRL has been the topic of a number of other reports. Ventum Financial lowered their price target on shares of Propel from C$42.00 to C$40.00 in a report on Thursday, November 6th. Raymond James Financial decreased their target price on shares of Propel from C$42.00 to C$35.00 in a research report on Wednesday, November 5th. Scotiabank cut their price target on shares of Propel from C$40.00 to C$38.00 in a report on Wednesday, November 5th. Finally, Stifel Nicolaus set a C$38.00 price target on Propel and gave the stock a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat, Propel presently has an average rating of “Buy”.

Propel Stock Performance

TSE:PRL opened at $25.94 on Wednesday. The firm has a 50-day simple moving average of $24.67 and a 200-day simple moving average of $30.93. Propel has a one year low of $20.00 and a one year high of $43.36. The firm has a market cap of $1.02 billion, a P/E ratio of 16.63 and a beta of 0.90.

Propel Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, December 4th were given a $0.21 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. Propel’s dividend payout ratio is currently 31.67%.

About Propel

Propel Holdings Inc is a financial technology company committed to credit inclusion and helping underserved consumers by providing fair, fast, and transparent access to credit. It operates through its two brands: MoneyKey and CreditFresh. The company, through its MoneyKey brand, is a state-licensed direct lender and offers either Installment Loans or Lines of Credit to new customers in several US states.